US pay czar to review CEO compensation at 419 cos

The United States government appointed pay czar will review the executive compensation packages at 419 bailed out companies including Goldman Sachs and JP Morgan Chase. The Treasury Department's......

No pension to Bank of America chief: Union to govt

An American labour lobby has asked the government not to provide retirement package to the outgoing Bank of America chief executive Kenneth D Lewis. Service Employees International Union said in a......

Top 5 AIG executives may quit over pay

Five top executives at troubled insurer American International Group said last week they will quit if their compensation is cut significantly by the US pay czar, says a media report. Attributing to......

Volkswagen faces billions in penalties as US sues for violations

The Justice Department has also been investigating criminal fraud allegations against Volkswagen for misleading U.S. consumers and regulators. The US Justice Department on Monday filed a civil......